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2016 QuantNet Ranking of Best Financial Engineering Programs

Ranked by QuantNet in October 2015. The most comprehensive 2016 ranking of best Financial Engineering (MFE), Mathematical Finance programs in North America.

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The QuantNet ranking of Financial Engineering, Mathematical, and Quantitative Finance master's programs in the US offers detailed insights into placement and admission statistics from the nation's top programs. It serves as the ultimate guide for prospective applicants, helping them choose and enroll in the best master’s programs in quantitative finance.

Carnegie Mellon University - MS in Computational Finance

Carnegie Mellon University

New York, NY 10005 | Pittsburgh, PA 15213 MS in Computational Finance
1
Total Score
100
Peer Score
4.2
The Carnegie Mellon University's Master of Science in Computational Finance (MSCF) is a 16-month financial engineering degree developed through the joint venture of four Carnegie Mellon colleges - Department of Mathematical Sciences, Department of Statistics and Data Science, Heinz College of Information Systems and Public Policy and the Tepper School of Business.
4.70 star(s) 54 reviews
Pending 12 Waitlisted 3 Accepted 414 Rejected 433
Tuition
$80,400
Enrollment
98 FT
Acceptance rate
15.7%
Undergrad GPA
Employment Rate
At Graduation
62%
After 3 months
81%
Compensation
Base
$92,194
Visit program's website
Baruch College - Master in Financial Engineering

Baruch College

New York, NY 10010 Master in Financial Engineering
2
Total Score
98
Peer Score
3.9
The Baruch College's Master of Financial Engineering (MFE) program is offered by the Math Department under the Weissman School of Arts and Sciences. This three-semester program starts in the Fall semester.
4.93 star(s) 30 reviews
Pending 27 Waitlisted 0 Accepted 230 Rejected 380
Tuition
$35,040
Enrollment
36 FT, 7 PT
Acceptance rate
7.9%
Undergrad GPA
Employment Rate
At Graduation
86%
After 3 months
100%
Compensation
Base
$96,000
Visit program's website
Columbia University - Masters in Financial Engineering

Columbia University

New York, NY 10027 Masters in Financial Engineering
2
Total Score
98
Peer Score
4.1
Launched in 2002, Columbia University's Master in Financial Engineering (MFE) program is offered by the Industrial Engineering and Operations Research Department under The Fu Foundation School of Engineering and Applied Science. This one-year, full-time program, starts in the fall semester.
3.21 star(s) 14 reviews
Pending 23 Waitlisted 15 Accepted 400 Rejected 481
Tuition
$61,560
Enrollment
80 FT
Acceptance rate
10.0%
Undergrad GPA
Employment Rate
Compensation
Base
$90,000
Avg total
Visit program's website
University of California, Berkeley - Master of Financial Engineering

University of California, Berkeley

Berkeley, CA 94720 Master of Financial Engineering
2
Total Score
98
Peer Score
4.1
The UC Berkeley Master of Financial Engineering (MFE) program is offered by the Berkeley Haas School of Business. Established in 2000, this one-year program commences each spring.
4.14 star(s) 42 reviews
Pending 4 Waitlisted 10 Accepted 236 Rejected 150
Tuition
$63,540
Enrollment
68 FT
Acceptance rate
18.6%
Undergrad GPA
Employment Rate
Compensation
Visit program's website
New York University - MS in Mathematics in Finance

New York University

New York, NY 10012 MS in Mathematics in Finance
5
Total Score
97
Peer Score
3.9
The New York University's MS in Mathematics in Finance program is offered by NYU’s Courant Institute of Mathematical Sciences. This three-semester program starts in the Fall semester.
4.64 star(s) 11 reviews
Pending 3 Waitlisted 0 Accepted 212 Rejected 294
Tuition
$58,000
Enrollment
30 FT
Acceptance rate
9.0%
Employment Rate
Compensation
Visit program's website
Princeton University - Master in Finance

Princeton University

Princeton, NJ 08544 Master in Finance
5
The Princeton University's Master in Finance (MFin) program is offered by the Bendheim Center for Finance (BCF), an interdisciplinary center at Princeton University. This two-year program starts in the Fall semester.
4.86 star(s) 7 reviews
Pending 12 Waitlisted 2 Accepted 70 Rejected 287
Tuition
$90,700
Enrollment
26 FT
Acceptance rate
4.9%
Employment Rate
At Graduation
93%
After 3 months
97%
Compensation
Base
$110,000
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Columbia University - MA in Mathematics of Finance

Columbia University

New York, NY 10027 MA in Mathematics of Finance
7
Total Score
93
Peer Score
3.5
The Master of Arts in Mathematical Finance (MAFN) program is offered jointly by the Department of Mathematics and Department of Statistics at Columbia University. The program can be completed in two or three semesters for full-time students.
4.65 star(s) 17 reviews
Pending 8 Waitlisted 0 Accepted 264 Rejected 185
Tuition
$60,332
Enrollment
97 FT
Acceptance rate
14.1%
Employment Rate
Compensation
Visit program's website
Cornell University - Master in Financial Engineering

Cornell University

Ithaca, NY 14850 Master in Financial Engineering
8
Total Score
87
Peer Score
3.4
The Cornell University's Master in Financial Engineering program is offered by School of Operations Research and Information Engineering (ORIE) under Cornell Engineering. Established in 2006, this three-semester program starts in the Fall semester in Ithaca, upstate NY with the last semester in New York City.
4.44 star(s) 9 reviews
Pending 5 Waitlisted 0 Accepted 332 Rejected 264
Tuition
$74,000
Enrollment
93 FT
Acceptance rate
24.0%
Undergrad GPA
Employment Rate
Compensation
Base
$84,000
Visit program's website
Massachusetts Institute of Technology - Master of Finance

Massachusetts Institute of Technology

Cambridge, MA 02139 Master of Finance
9
Total Score
85
Peer Score
3.8
Established in 2008, the MIT Master in Finance (MFin) program is a 18-month, full-time program starting in the summer, offered by the Sloan School of Management.
3.77 star(s) 26 reviews
Pending 6 Waitlisted 2 Accepted 218 Rejected 394
Tuition
$100,350
Enrollment
121 FT
Acceptance rate
10.0%
Employment Rate
At Graduation
60%
After 3 months
81%
Compensation
Base
$75,255
Avg total
Visit program's website
University of Chicago - MS in Financial Mathematics

University of Chicago

Chicago, IL 60637 MS in Financial Mathematics
9
Total Score
85
Peer Score
3.5
The University of Chicago's Master in Financial Mathematics (MSFM) program is offered by the Department of Mathematics under the Physical Sciences Division. Launched in 1996, this three-semester program starts each Fall semester.
4.71 star(s) 51 reviews
Pending 4 Waitlisted 8 Accepted 451 Rejected 254
Tuition
$81,216
Enrollment
75 FT, 4 PT
Acceptance rate
26.1%
Undergrad GPA
Employment Rate
At Graduation
63%
After 3 months
89%
Compensation
Base
$106,143
Visit program's website
University of Toronto - Master of Mathematical Finance

University of Toronto

Toronto, Canada Master of Mathematical Finance
9
Total Score
85
Peer Score
3.1
4.33 star(s) 6 reviews
Pending 3 Waitlisted 0 Accepted 100 Rejected 75
Tuition
C$43,000
Enrollment
30 FT
Acceptance rate
12.0%
Employment Rate
Compensation
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Boston University - MS in Mathematical Finance and Financial Technology

Boston University

Boston, MA 02215 MS in Mathematical Finance and Financial Technology
12
Total Score
83
Peer Score
2.9
The three-semester program is offered by Boston University's Questrom School of Business.
3.73 star(s) 15 reviews
Pending 2 Waitlisted 0 Accepted 230 Rejected 116
Tuition
$71,133
Enrollment
70 FT
Acceptance rate
19.0%
Undergrad GPA
Employment Rate
Compensation
Visit program's website
University of California, Los Angeles - Master of Financial Engineering

University of California, Los Angeles

Los Angeles, CA 90095 Master of Financial Engineering
12
Total Score
83
Peer Score
3.2
Launched in 2009, the UCLA Master of Financial Engineering (MFE) program at the Anderson School of Management is a comprehensive 15-months, quarter-based full-time program starting each fall.
4.34 star(s) 44 reviews
Pending 3 Waitlisted 1 Accepted 183 Rejected 82
Tuition
$57,268
Enrollment
66 FT
Acceptance rate
13.8%
Undergrad GPA
Employment Rate
At Graduation
63%
After 3 months
93%
Compensation
Base
$85,000
Visit program's website
University of Washington - MS Computational Finance & Risk Management

University of Washington

Seattle, WA 98195 MS Computational Finance & Risk Management
14
Total Score
81
Peer Score
2.6
The Master of Computational Finance and Risk Management (CFRM) program is a degree offered in the University of Washington’s Department of Applied Mathematics.
4.95 star(s) 40 reviews
Pending 2 Waitlisted 0 Accepted 94 Rejected 67
Tuition
$37,800
Enrollment
70 FT
Acceptance rate
22.1%
Undergrad GPA
Employment Rate
At Graduation
90%
After 3 months
97%
Compensation
Base
$80,000
Visit program's website
University of Waterloo - Master of Quantitative Finance

University of Waterloo

Waterloo, Canada Master of Quantitative Finance
14
Total Score
81
Peer Score
2.7
3.33 star(s) 3 reviews
Pending 0 Waitlisted 0 Accepted 25 Rejected 20
Tuition
C$13,500
Enrollment
20 FT
Acceptance rate
15.0%
Employment Rate
Compensation
Base
C$83,600
Visit program's website
Georgia Institute of Technology - MS in Quantitative and Computational Finance

Georgia Institute of Technology

Atlanta, GA 30332 MS in Quantitative and Computational Finance
16
Total Score
79
Peer Score
2.8
The Master of Science in Quantitative and Computational Finance (QCF) program is an interdisciplinary education between the Scheller College of Business, H. Milton Steward School of Industrial & Systems Engineering and School of Mathematics.
3.73 star(s) 11 reviews
Pending 11 Waitlisted 2 Accepted 234 Rejected 156
Tuition
$56,067
Enrollment
51 FT
Acceptance rate
16.2%
Employment Rate
At Graduation
71%
After 3 months
95%
Compensation
Base
$71,766
Visit program's website
NYU Tandon School of Engineering - MS in Financial Engineering

NYU Tandon School of Engineering

Brooklyn, NY 11201 MS in Financial Engineering
16
Total Score
79
Peer Score
2.7
The Master of Science in Financial Engieering (MSFE) program is offered by the Financial Risk Engineering (FRE) department of NYU Tandon School of Engineering. This 4-semester program starts in mid-August with the Pre-program bootcamp prior to the Fall semester.
3.47 star(s) 32 reviews
Pending 2 Waitlisted 3 Accepted 338 Rejected 166
Tuition
$54,818
Enrollment
115 FT
Acceptance rate
32.0%
Undergrad GPA
Employment Rate
Compensation
Visit program's website
Rutgers University - Master of Quantitative Finance

Rutgers University

Newark, NJ 07102 Master of Quantitative Finance
18
Total Score
77
Peer Score
2.6
The Rutgers Master of Quantitative Finance (MQF) program was founded in 2001 and is housed in Rutgers Business School. The program is three-semester and starts in fall semester.
4.08 star(s) 13 reviews
Pending 1 Waitlisted 0 Accepted 125 Rejected 8
Tuition
$56,160
Enrollment
58 FT
Acceptance rate
35.1%
Undergrad GPA
Employment Rate
Compensation
Base
$85,727
Visit program's website
Rutgers University - MS in Mathematical Finance

Rutgers University

Piscataway, NJ 08854 MS in Mathematical Finance
18
Total Score
72
Peer Score
2.6
4.13 star(s) 8 reviews
Pending 0 Waitlisted 0 Accepted 88 Rejected 32
Tuition
$54,000
Employment Rate
Compensation
Visit program's website
University of Illinois Urbana Champaign - Master of Financial Engineering

University of Illinois Urbana Champaign

Urbana, IL 61801 Master of Financial Engineering
20
Total Score
76
Peer Score
2.7
The University of Illinois Urbana-Champaign (UIUC) offers a Master of Science in Financial Engineering (MSFE) program through its Gies College of Business in collaboration with the Department of Mathematics and the Department of Statistics.
4.59 star(s) 39 reviews
Pending 0 Waitlisted 0 Accepted 138 Rejected 37
Tuition
$55,500
Enrollment
68 FT
Acceptance rate
35.6%
Undergrad GPA
Employment Rate
Compensation
Base
$85,000
Visit program's website
Fordham University - MS in Quantitative Finance

Fordham University

New York, NY 10023 MS in Quantitative Finance
21
Total Score
75
Peer Score
2.3
The Master of Science in Quantitative Finance (MSQF) program is offered by Fordham University's Gabelli School of Business. The three-semester program starts in the Fall.
5.00 star(s) 12 reviews
Pending 2 Waitlisted 0 Accepted 72 Rejected 14
Tuition
$50,875
Undergrad GPA
Employment Rate
At Graduation
69%
After 3 months
83%
Compensation
Base
$83,000
Visit program's website
University of Minnesota - Master of Financial Mathematics

University of Minnesota

Minneapolis, MN 55455 Master of Financial Mathematics
22
Total Score
73
Peer Score
2.7
The program is offered by Minnesota Center for Financial and Actuarial Mathematics, a specialized center for quantitive finance within the School of Mathematics.
4.71 star(s) 42 reviews
Pending 0 Waitlisted 0 Accepted 28 Rejected 10
Tuition
$36,800
Enrollment
38 FT
Acceptance rate
24.2%
Employment Rate
At Graduation
60%
After 3 months
79%
Compensation
Base
$70,000
Visit program's website
Johns Hopkins University - Financial Mathematics MSE

Johns Hopkins University

Baltimore, MD 21218 Financial Mathematics MSE
23
Total Score
70
Peer Score
2.7
The Financial Mathematics program is offered by Johns Hopskins Whiting School of Engineering under their Department of Applied Mathematics and Statistics.
4.56 star(s) 9 reviews
Pending 3 Waitlisted 0 Accepted 65 Rejected 52
Tuition
$73,065
Enrollment
35 FT
Acceptance rate
14.9%
Undergrad GPA
Employment Rate
At Graduation
60%
After 3 months
88%
Compensation
Visit program's website
University of North Carolina at Charlotte - MS in Mathematical Finance

University of North Carolina at Charlotte

Charlotte, NC 28223 MS in Mathematical Finance
24
Total Score
69
Peer Score
2.2
4.60 star(s) 10 reviews
Pending 0 Waitlisted 0 Accepted 23 Rejected 0
Tuition
$36,825
Acceptance rate
61.7%
Undergrad GPA
Employment Rate
Compensation
Base
$82,781
Visit program's website
Claremont Graduate University - MS in Financial Engineering

Claremont Graduate University

Claremont, CA 91711 MS in Financial Engineering
25
3.45 star(s) 11 reviews
Pending 0 Waitlisted 0 Accepted 22 Rejected 1
Employment Rate
Compensation
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Rensselaer Polytechnic Institute - MS in Quantitative Finance and Risk Analytics

Rensselaer Polytechnic Institute

Troy, NY 12180 MS in Quantitative Finance and Risk Analytics
26
Total Score
63
Peer Score
25.0
4.82 star(s) 11 reviews
Pending 0 Waitlisted 0 Accepted 11 Rejected 7
Tuition
$48,100
Enrollment
45 FT
Acceptance rate
33.0%
Employment Rate
Compensation
Avg total
Visit program's website
North Carolina State University - Master in Financial Mathematics

North Carolina State University

Raleigh, NC 27695 Master in Financial Mathematics
27
Total Score
61
Peer Score
2.4
North Carolina State University (NCSU) offers a three-semester Financial Mathematics program through its Department of Mathematics.
4.48 star(s) 27 reviews
Pending 3 Waitlisted 0 Accepted 106 Rejected 23
Tuition
$45,484
Enrollment
29 FT, 2 PT
Acceptance rate
23.0%
Undergrad GPA
Employment Rate
At Graduation
88%
After 3 months
88%
Compensation
Base
$82,000
Visit program's website
University of Southern California - MS in Financial Engineering

University of Southern California

Los Angeles, CA 90089 MS in Financial Engineering
28
Total Score
60
Peer Score
2.4
2.00 star(s) 2 reviews
Pending 1 Waitlisted 0 Accepted 60 Rejected 30
Tuition
$48,000
Enrollment
50 FT
Employment Rate
Compensation
Visit program's website
Illinois Institute of Technology - Master in Mathematical Finance

Illinois Institute of Technology

Chicago, IL 60616 Master in Mathematical Finance
29
Total Score
57
Peer Score
2.3
4.33 star(s) 6 reviews
Pending 0 Waitlisted 0 Accepted 22 Rejected 1
Tuition
$55,275
Enrollment
20 FT
Acceptance rate
47.9%
Employment Rate
Compensation
Visit program's website
Stevens Institute of Technology - Master in Financial Engineering

Stevens Institute of Technology

Hoboken, NJ 07030 Master in Financial Engineering
30
Total Score
44
Peer Score
2.3
The Master in Financial Engineering (MFE) program is offered by Stevens School of Business. The three-semester program starts each fall semester.
4.49 star(s) 55 reviews
Pending 0 Waitlisted 0 Accepted 65 Rejected 2
Tuition
$42,825
Enrollment
205 FT
Acceptance rate
80.1%
Undergrad GPA
Employment Rate
Compensation
Visit program's website
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